November 12, 2024
New Delhi, India
Hyundai Motor India Q2 Results
Hyundai Motor India reported a significant 16% drop in its net profit for Q2 FY25, posting a consolidated PAT of ₹1,375 crore, down from ₹1,628 crore in the same quarter last year. The decline was attributed to weak market sentiment and ongoing geopolitical challenges.
Financial Performance:
- Revenue: ₹17,260 crore, down 7.5% YoY from ₹18,660 crore in Q2 FY24.
- Profit Before Tax (PBT): ₹1,849.85 crore, a 17.1% decline from last year.
- EBITDA Margin: Slight decrease to 12.78% from 13.08% YoY.
Sales Breakdown:
- Total Units Sold: 1,91,939 passenger vehicles in Q2 FY25.
- Domestic Sales: 1,49,639 units, with SUVs being the top contributors.
- Exports: 42,300 units.
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Outlook and Strategy:
- Upcoming Launch: Hyundai plans to introduce the Creta EV soon, aiming to capture a significant share in the mass-market EV segment.
- Market Focus: The company targets sustained demand and aims to balance volume, market share, and margins for quality growth in the mid to long term.
Management Insights:
Unsoo Kim, Managing Director of Hyundai Motor India, stated, “Despite challenging market conditions, we maintained profitability through proactive cost control measures. The upcoming Creta EV is expected to be a game-changer in the EV market.”
Hyundai Motor India shares closed at 1803.95 down 0.99% on the NSE following the earnings announcement.
Latest Q2 Results
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